Two Triplex Multifamily
1518-1520 Roosevelt Avenue Yakima, WA 98902
1518-1520 Roosevelt Avenue, Yakima, WA, 98902
$599,000
For Sale
$599,000
Value-add multifamily with six 1-bed, 1-bath units across two triplexes, separate electric meters, and communal laundry.
Property Size3,750 SF
Price / SF$159.73
Days on Market254
Property Features for 1518-1520 Roosevelt Avenue
General Information
- Standard status
- Active
- Size
- 3,750 SF
- Property subtype
- Multi Family / Triplex
Building Details
- Year Built
- 1974
Listing agency
eXp Realty LLC Seattle
(509) 961-8387
Listed by
David Young · License #140000
(509) 961-8387
Source
Compass
Added: Nov 11, 2025 Updated: Jul 21 at 10:23PM Checked: Jul 22 at 6:55AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of eXp Realty LLC Seattle
Investment Insights
Based on property information with market context.
This value-add multifamily opportunity consists of two triplexes on separate parcels, totaling six units. All units are configured as one bedroom and one bathroom. The property is currently cash flowing with below-market rents, and the offering includes room for rent increases.
On-site amenities and utilities include separate electric meters for the units, a communal laundry room, and low-maintenance courtyard landscaping. Parking is supported by six dedicated parking stalls plus additional off-street parking. The property is professionally managed and may suit an owner-occupant or an investor seeking stable income.
The address is 1518-1520 Roosevelt Avenue, Yakima, WA 98902.
On-site amenities and utilities include separate electric meters for the units, a communal laundry room, and low-maintenance courtyard landscaping. Parking is supported by six dedicated parking stalls plus additional off-street parking. The property is professionally managed and may suit an owner-occupant or an investor seeking stable income.
The address is 1518-1520 Roosevelt Avenue, Yakima, WA 98902.
Key Highlights
- Six total units in two separate triplexes, all 1 bed/1 bath
- Below‑market rents currently cash flowing with potential for rent increases
- Separate electric meters for the units
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $64.4k | $17.16 |
| − Vacancy | −$4.2k | −$1.12 |
| EGI | $60.1k | $16.04 |
| − OpEx | −$18.0k | −$4.81 |
| NOI | $42.1k | $11.23 |
3,750 SF · lease $17.16/SF/yr · vacancy 6.53% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$601.5K
$526.3K – $701.7K
NOI $42,104 @ 7.0% cap · market cap 7.03%
Second Best
Apartment 5plus
$523.6K
$458.1K – $610.8K
NOI $36,649 @ 7.0% cap · market cap 6.12%
Theoretical Best
Office A
$761.5K
$666.4K – $888.5K
NOI $53,308 @ 7.0% cap · market cap 8.90%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Value-add multifamily with six 1-bed, 1-bath units across two triplexes, separate electric meters, and communal laundry.
Where is this triplex located?
The property is located at 1518-1520 Roosevelt Avenue Yakima, WA.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Six total units in two separate triplexes, all 1 bed/1 bath; Below‑market rents currently cash flowing with potential for rent increases; Separate electric meters for the units
